Norway’s Schibsted to cut 250 jobs in cost drive
OSLO (Reuters) – Norwegian online classified ads group Schibsted will cut around 250 jobs in the Nordic region as part of a restructuring plan to reduce costs and boost efficiency, the company said on Tuesday.
Schibsted, which recently divested its legacy news media business, operates online marketplaces for real estate, jobs, cars, travel and other services in Norway, Sweden, Denmark and Finland.
“We are now in a position to start taking decisive measures to improve our profitability as a more focused company, and to adjust to the macroeconomic environment,” Schibsted Marketplaces CEO Christian Printzell Halvorsen said.
“This is not a one-off, but rather the start of a journey of continuous improvement and cost focus,” he added.
(Reporting by Terje Solsvik; Editing by Eileen Soreng)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.